Rupee down 30 paise against dollar in early trade

The rupee depreciated by 30 paise to 61.14 against the US currency

Mumbai, Aug 6: The rupee depreciated by 30 paise to 61.14 against the US currency in early trade at the Interbank Foreign Exchange markettoday due to the dollar’s gain against other currencies overseas. Forex dealers said besides the dollar’s gain against other currencies, fresh demand for the American unit from importers and a weak opening in the domestic equity market put pressure on the rupee.

The domestic currency had gained nine paise to close at 60.84 against the US dollar in yesterday’s trade on the back of rising local stock market and sustained dollar selling by exporters. Meanwhile, the benchmark BSE Sensexfell 37.45 points, or 0.14 per cent, to 25,870.56 in early trade today.